please do it all not missing anything

MC 1. The objective of financial reporting L is focused on management decisions b. is focused on stewardship c is communicated in the president's letter, d. is focused on equity investors, lenders, and other creditors in making decisiones 2. Which of the following generally provides a better indication of an enterprise's present and continuing ability to generale favorable cash flows? a Cash basis accounting b. Accrual basis accounting c. Managerial basis accounting d. Financial basis accounting 3. The objective of general purpose financial reporting adopts an entity perspective, which means that 2 financial reporting should be focused on assessing the company's stewardship b. financial reporting should be focused solely on the needs of the owners. c. companies are viewed as separate and distinct from their owners. d. None of these answer choices are correct. 4. The accrual basis of accounting a. is used only by international companies, b. records the financial effects of events in the periods in which the events occur rather than only in the periods in which it receives or pays cash. c. is applied to revenues and expenses but not gains and losses d does not help achieve the objective of financial reporting, because it is not based on cash flows. 5. General purpose financial statements are considered most appropriate because they 2. provide only information for investors h, provide information to help managers make decisions. care not permitted for use by regulators d.provide at the least cost the most useful information possible. Textbook Questions Please answer Questions 1, 2, 3, 6 and 7 from your textbook on page 1-18 Answer Example: 8. Who is the primary user group for general-purpose financial statements? 8. Shareholders, creditors, suppliers, employees, and regulators al use general- purpose financial statements. The primary user group is capital providers (shareholders and creditors)